, fell on May. 15 due to the sell-off of profit-taking. CoinDesk, a media outlet specializing in cryptocurrency, pointed out that the relative strength index(RSI) has turned weak, and the current selling trend is dominating the market. RSI is a major indicator that measures the market atmosphere by analyzing the buying and selling of investors in the market. The lack of additional good news is also cited as the cause of the market\'s weakness. Earlier this week, the cryptocurrency market rose sharply as the U.S', 'https://img.blockstreet.co.kr/photo/2025/03/04/20250304000008_0640.png', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025051516323880643'));){kind=link}
Coindesk "Market Dominates Sale in an Instant"
Favorable Factors that Can Drive Rise Are Missed
Expert "U.S. Treasuries Rise, May Lead BTC Down"
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CoinDesk, a media outlet specializing in cryptocurrency, pointed out that the relative strength index(RSI) has turned weak, and the current selling trend is dominating the market. RSI is a major indicator that measures the market atmosphere by analyzing the buying and selling of investors in the market.
The lack of additional good news is also cited as the cause of the market's weakness. Earlier this week, the cryptocurrency market rose sharply as the U.S. and China succeeded in tariff negotiations. However, since then, additional good news has been lost and the market has lost its strength.
Major altcoins fell more than 5%, including Bitcoin's fall to $102,000.
◇Bitcoin = Bitcoin price is $102,036 at 4:30 p.m. on May. 15, 2025. The Bitcoin share(dominance) was 62.72%.
The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 44.49% and 55.51%, according to the on-chain analytics platform Sigbtc.
It has been predicted that Bitcoin could fall due to the rise of U.S. government bonds.
CoinDesk, a cryptocurrency media outlet, said on the 15th, "The yield on the 10-year U.S. Treasury bond has reached 4.5% as it has recently continued its upward trend," adding, "In general, there is a growing concern that if the risk-free yield rises, funds will flow out of risky assets, but analysts say that the surge in the yield comes from President Donald Trump's expectations for fiscal expansion." "This is a good thing for Bitcoin, gold and stocks, and can serve as a bad thing for bonds," he explained.
◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on May. 15 was Wave(WAVE), up about 6% on the day alone.
Wave is a platform created for the development and transmission of digital assets, transactions, and development of Dapps.
It can play the role of a decentralized exchange (DEX) through its own built-in peer-to-peer(P2P) digital asset trading function and supports cryptocurrency transactions such as Bitcoin and Ethereum.
Wave tokens are used as fees for exchanging or creating and issuing tokens for other digital assets.
◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 70 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.
The cryptocurrency relative strength index(RSI) provided by Sigbtc was 43.7, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.
권승원 기자 ksw@blockstreet.co.kr